SIMULATION MODEL OF MULTI-CHANNEL INTERSECTORAL TRANSFER OF BEHAVIOURAL ATTRACTORS FOR MACROECONOMIC STABILITY OF THE COUNTRY

Abstract

Purpose. The purpose of the research is to develop a cognitive model of the behaviour of the social and economic system, which explains the causal mechanism between the development of the financial and public sectors using the concept of trust. Methodology of research. The research utilized general scientific methods, including dialectical analysis and synthesis, to determine the main variables of the model. The fuzzy Delphi method was employed to transform linguistic variables and determine the weight of each variable. FCM analysis facilitated the translation of the complex model's graphical representation into a mathematical form of the adjacency matrix, enabling algebraic calculations to identify various structural characteristics of the built model of multi-channel intersectoral transfer of behavioural attractors for macroeconomic stability of the country in the Mental Modeler software. Findings. The study identified 21st concepts related to the functioning of the financial and public sectors of the economy, enabling the construction of a cognitive map illustrating the cause-and-effect relationships between financial and public sectors within the context of trust among social and economic and behavioural variables. The research found that government policies, central bank policies, and exchange rate stability have the greatest impact on macroeconomic stability. On the other hand, concepts such as financial literacy, positive previous experience, saving time spent on service provision, and service failure are easily manageable but do not have a significant impact on macroeconomic stability. Trust in the financial sector and the government were proven to be key variables in ensuring macroeconomic stability, but also extremely difficult to manage. Originality. The study proposes a simulation model of the multi-channel intersectoral transfer of behavioural attractors for the macroeconomic stability of a country, considering the simultaneous influence of trust in the government and trust in the financial sector. Practical value. Weighty concepts based on research results can be useful for domestic scenarios of ensuring financial and macroeconomic stability in the country. Also, the results are of scientific value for further research and exploration. Key words: trust in the financial sector, trust in the government, macroeconomic stability, financial stability, simulation modelling, Delphi method, Mental Modeler